HDFC Life Insurance received GST Order from State Tax - (2), Unit 8, Ahmedabad, Gujarat

New Delhi: This order will have no adverse material impact on the financial operations of the Company and the same shall be further contested by the Company by way of an appeal before the Appellate Authority.

Under the company's disclosure done at exchange filing the State Tax Officer-(2), Unit 8, Ahmedabad, Gujarat Nature has invoked a GST Order notice with the period involving April 1, 2018, to March 31, 2019, with Tax demand of Rs. 51.23 Crore Interest, Rs. 46.16 Crore Penalty, and Rs. 5.12 Crore.

Source : https://www.psuconnect.in/news/hdfc-life-insurance-received-gst-order/42078